$4,691 Closing Credit*
$395,000
1,400 SqFt
3 Beds
•2 Full Baths
Marcia Shuler, Listing Office: BHHS Fox & Roach-Christiana
Is Middletown, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Middletown has remained a Seller's Market.
Key Takeaway
Middletown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middletown, DE
How much do homes in Middletown, DE cost?
Median Sold Price
$515,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,098(+4.1%)
Key Takeaway
Homes in Middletown have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Middletown was $515,000 in November 2024, up 4.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $385.9K | $395K | +2.4% |
| 3 Bedrooms | $375K | $420K | +12.0% |
| 4 Bedrooms | $590K | $600K | +1.7% |
| 5+ Bedrooms | $665K | $674.9K | +1.5% |
Summary: Middletown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Middletown-Odessa | $460.6K | $494.9K | +7.4% |
| Middletown | $494.9K | $515K | +4.1% |
Housing Supply in Middletown, DE
How many homes are available in Middletown, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 237 | 224 | -5.5% |
Summary: The Middletown real estate market had 224 homes for sale in November 2024, a 5.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 104 | 95 | -8.7% |
| 4 Bedrooms | 84 | 82 | -2.4% |
| 5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The Middletown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 45 | -13.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Middletown in November 2024, down by 13.5% month-over-month. Of the 45 sold homes, 49% were sold under asking, 24% were sold at asking, and 27% were sold over asking.
Days on Market for Middletown, DE
How long does it take to sell a home in Middletown, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 31 Days | -28.5% |
Summary: Homes in Middletown had an average of 31 days on market in Nov 2024, down by 28.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middletown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 45 homes were sold in Middletown; 58% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
